Ogone

Online payment processing services
Invested in
2010
Status

Acquired by Ingenico 2013

Location
Brussels, Belgium
Sector
Technology
Growth Products & Services
Sector
Growth Products & Services
Website

"Our partnership with Summit was powerful – leading to dramatic growth, expansion into new countries and a successful strategic sale."

Peter De Caluwe
Former CEO
|
Ogone
3x

Employee headcount growth during Summit’s investment

99%

Top-line revenue growth, expanding from European base to global presence in under three years

€360

Acquired by Ingenico in 2013

3x

Employee headcount growth during Summit’s investment

99%

Top-line revenue growth, expanding from European base to global presence in under three years

€360

Acquired by Ingenico in 2013

Ogone became a leader in payment processing in Europe by focusing on solving the complex problem of enabling online merchants to offer multiple forms of preferred payment methods across borders. The company sought to accelerate its growth through international expansion and acquisitions, and management chose to partner with Summit in 2010.

How Summit Partners Helped

  • Summit acquired a majority stake in Ogone in 2010
  • Helped strengthen the board and management team with industry veterans from Summit’s global network
  • Assisted with two key acquisitions that expanded Ogone’s geographic footprint and product offering
  • Worked alongside the company to optimize sales force by aligning incentives across the global organization and developing a consistent sales process
  • Helped manage the process with acquirer Ingenico, enabling management to stay focused on the business

Within three years, Ogone had expanded from its European base into Asia, Latin America, the Middle East and the United States, and had extended its product range. In 2013, Ingenico acquired Ogone for an enterprise value of €360 million.

The Portfolio Company Executive quoted herein did not receive compensation for any statements regarding Summit Partners. However, since Ogone is a former portfolio company of Summit, this individual did receive general compensation in connection with his employment by the company. In addition, this individual is not an investor in a Summit fund but may have conflicts arising from his past role with Ogone due to the company’s relationship with Summit.

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